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Statement of Income
(Unaudited)
For the three months ended 31 March 2002 |
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| |
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3 months
ended
31 March 2002
RO'000
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3 months
ended
31 March 2001
RO'000
|
| Interest
income |
|
25,206 |
|
28,046 |
| Interest
expense |
|
9,456 |
|
15,525 |
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|
15,750 |
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12,521 |
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|
|
| Interest expense
on subordinated liabilities |
|
1,971 |
|
1,586 |
| Net interest
income |
|
13,779 |
|
10,935 |
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|
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| Investment
income |
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83 |
|
342 |
| Other
operating
income |
|
3,702 |
|
2,245 |
| Net operating
income |
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17,564 |
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13,522 |
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|
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| Other
operating expenses |
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7,185 |
|
6,273 |
| Depreciation |
|
626 |
|
593 |
| Total operating
expenses |
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7,811 |
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6,866 |
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| Operating Profit |
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9,753 |
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6,656 |
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| Provision
for possible credit losses |
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3,016 |
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1,505 |
| Recoveries
from provision for loan losses |
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(267) |
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(347) |
| Net profit before tax |
|
7,004 |
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5,498 |
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| Taxation |
|
959 |
|
772 |
| Net profit after tax
for the period |
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6,045 |
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4,726 |
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